The Research On The Market Conduct And Performance Of Chinese Airline Industry

In this thesis the market conduct and performance of Chinese airline industry have been analyzed in demonstration and criterion and in the perspective of industrial organization.The contents mainly conclude two parts. The first one is the analysis on the pricing-conduct, alliance-conduct and product choosing-conduct of Chinese airline industry in the past twenty years. This part makes it clear that Chinese airline industry has the trait of contestability under the regulation of government. At length, it explains the specialties of pricing.. And it analyzes the price alliance with game theory, situation of merger by mathematic analyzing, and the advantages and the disadvantages of code- share. This part also introduces the history of LCC (Low-cost Carrier) and its trait of operation, and anticipates the development of Chinese LCC in the future on its subject and strategy. The second part is the analysis on the total and individual performance of Chinese airline industry. In the macro analysis, the total yield index and individual benefit index are used to estimate the development of Chinese airline industry since 1980s. In the micro analysis, some typical airlines' financial data are chosen to estimate the performance of different kinds of airlines and to obtain its reasons in the aspect of market conduct. That reflects the correlation between market conduct and performance.The research methods of this thesis are demonstration and criterion, macro and micro analysis, concluding and comparing. There are also many real data, cases and charters to illustrate the conclusion.The innovative points of this thesis are including but not limited in the followings:It has mentioned the main reason of the fact that the performance of local airlines is better than that of the state owned airlines in the recent years is not the disadvantages of mechanism, but the X-inefficiency of the state owned airlines after their merger.It has analyzed LCC at length, estimated the development of Chinese LCC in the future on its subject and strategy, and made it clear that the private airlines are not equal to LCCs.It has analyzed the changes on the market performance of Chinese airline industry since 1980s and found the reasons in the aspect of market conduct. It has mentioned the point hat Chinese airline industry is contestable and has estimated the trend of the development of world airline industry in the future. And on this condition, it has provided the suggestions on the develop models and strategies of Chinese airline industry.